Iceland: Military spending, percent of GDP

The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Iceland from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in . See the global rankings for that indicator or use the country comparator to compare trends over time. The value of that indicator for is percent.

Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.